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MarcinO
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Posts: 5,506
Es might be done at 65.75, with some support area over there, but there is much stronger level in high 30's, which is likely to work like a magnet.

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es 2016 02 07 png


I will also mention 1720, but I don't believe it will be hit soon, so if ever ES is gonna get there it will need more time, so most likely it won't reach that level in ABCD fashion.

Click image for original size
es 2016 02 07 2 png
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MarcinO
Rep: 67
Posts: 5,506
My only friend the end..

Referring to your previous post, anyone knows a band called This Mortal Coil?

Originally posted by jimkane

Anyone like the Doors?

This... is... the... end...
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MarcinO
Rep: 67
Posts: 5,506
ES at key TL. Break to the upside very soon?
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, I have been watching the reaction to your country. All this stuff makes me want to blow chunks (for those where that doesn't translate well: puke my guts out).


Originally posted by MarcinO

Yes. This is why they are fighting so hard our new government. I am not their supporter, but one must be blind not to see how much propaganda is used to put them down for whatever reason.
Originally posted by jimkane

Seeing the pattern?

https://www.armstrongeconomics.com/international-news/europes-current-economy/largarde-wants-to-stay-ruling-the-world-from-imf/

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MarcinO
Rep: 67
Posts: 5,506
The Pound is advancing steadily. 20 pips to the zone.
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jimkane
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Posts: 33,089
I'm trying to see where the ES may go here. It's tricky, in that it could 'fail' here at a lower high, or it could 'break out' in that it blasts over the overhead upsloping price flow. If it does the latter, I'm think maybe 65 area. But we have over two hours left, so it could do more. This is great fun, either way.
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MarcinO
Rep: 67
Posts: 5,506
For the ES I have a lot of potential resistance from here to 65, but 62-64 looks like the most relevant level.
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MarcinO
Rep: 67
Posts: 5,506
Great minds think alike.

Originally posted by jimkane

I'm trying to see where the ES may go here. It's tricky, in that it could 'fail' here at a lower high, or it could 'break out' in that it blasts over the overhead upsloping price flow. If it does the latter, I'm think maybe 65 area. But we have over two hours left, so it could do more. This is great fun, either way.
JI
jimkane
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Posts: 33,089
I'm not seeing any reason for this to stop, no less come in at all, regardless of how nice this area is. But, you never know.
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jimkane
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Posts: 33,089
That's rather interesting. They got the HOD by 2 ticks, and that drew quite a reaction. This might come in a bit from here. Really?...
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MarcinO
Rep: 67
Posts: 5,506
51-52 is a nice support.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, a real cool thing that frequently happens is if the Dow cash closes above the key level, and then they bring the futures down before they close to be the equivalent of below the key level. That not uncommonly occurs, and leaves one wondering...